Gmm Pfaudler

GMM Pfaudler slips 5% on weak Q4 performance; Rs 1 dividend announced

GMM Pfaudler's consolidated net profit dropped 14 per cent to Rs 28.7 crore in Q4FY24, from Rs 33.3 crore in the same quarter a year ago (Q4FY23)

Stocks to Watch, May 23: Grasim, GMM Pfaudler, Petronet LNG, Star Cement

On the domestic front, investor attention is focused on forthcoming manufacturing data and the Q4 results of major players such as ITC, IndiGo, and Fortis Healthcare

Patel Family acquires 1% stake in GMM Pfaudler for Rs 1,700 per share

The Patel Family -- the promoter of GMM Pfaudler -- has completed the acquisition of one per cent stake in the engineering firm. Following the acquisition, the Patel Family's shareholding stands at 25.18 per cent and they remain the largest shareholder of the company. "The Patel Family (through Millars Machinery Company Pvt Ltd) has completed acquisition of 1 per cent equity stake in GMM Pfaudler Ltd from Pfaudler Inc (ultimately held by DBAG Fund VI, a private equity fund advised by Deutsche Beteiligungs AG) by way of an off-market inter-se transfer between promoters at Rs 1,700 per share," GMM Pfaudler Ltd said in a statement. A total of 75 per cent of the consideration is being paid upfront, while the rest will be paid on or before March 15, 2024, it said. GMM Pfaudler Ltd delivers corrosion-resistant technologies, systems, and services worldwide. GMM Pfaudler has 19 manufacturing locations with sales and service network and employs more than 1,800 people across four continents

Stocks to Watch today, Sep 15: Infosys, Airtel, BoM, GMM Pfaudler, Sequent

Stocks to watch on Friday, September 15, 2023: Buzzing today - Infosys secures a $1.5 bn global deal, GMM Pfaudler inks $7 mn acquisition and RBI places 15 NBFCs in top layer.

GMM Pfaudler tanks 11%, hits 52-week low after huge block deal

At 09:15 AM; around 5.92 million equity shares representing 13 per cent of total equity of GMM Pfaudler changed hands at the counter on the BSE, the exchange data shows.

Worried about promoters cutting stake? Here's tech view on Dabur, TVS Motor

Prominent promoters have recently offloaded stake in companies like TVS Motor, GMM Pfaudler via block deals, few others plan to do so in the near future.

GMM Pfaudler promoter sells 17.3% stake for Rs 1,324 cr through open market

The promoter of engineering firm GMM Pfaudler on Friday divested 17.3 per cent stake in the company for Rs 1,324 crore through open market transactions. Pfaudler Inc offloaded a total of 77,85,819 shares on both BSE and NSE, amounting to 17.32 per cent stake in the company, as per bulk deal data available with the National Stock Exchange (NSE) and BSE. The shares were sold in the range of Rs 1,700.14 - Rs 1,702.87 apiece on NSE and BSE, taking the transaction value to Rs 1,323.97 crore. Post the transaction, the shareholding of Pfaudler Inc will reduce to 14.56 per cent from 31.88 per cent and the total promoter shareholding will fall from 56.06 per cent to 38.74 per cent in the company, as per shareholding data with the exchanges. The buyers included Plutus Wealth Management, Integrated Core Strategies (Asia) Pte, Aditya Birla Sun Life Mutual Fund, among others. On Friday, shares of GMM Pfaudler closed 15.21 per cent lower at Rs 1,632 per scrip on NSE and Rs 1,643.65 per piece on

GMM shares crash 15% as promoter Pfaudler Inc hits sell button

On Thursday, Pfaudler had announced it is selling 13.4 million shares of GMM, representing 29.88% stake, at a floor price of Rs 1,700 apiece

GMM Pfaudler falls over 18% on report of promoter selling bulk stake

Shares of GMM Pfaudler fell as much as 18.1%, their worst intraday percentage fall in nearly five years, after a report said that one of its promoters will sell the bulk of its stake

GMM Pfaudler plunges 18% after over 11 mn shares change hands in block deal

Till 09:30 AM, a combined around 11.18 million shares, representing nearly 25 per cent of the total equity of the company, had changed hands on the NSE and BSE

Vinay Rajani expects Nifty to remain bullish, sees 18,735 as next hurdle

Among individual stocks, the technical & derivative analyst from HDFC Securities recommends to buy Triveni Engineering and GMM Pfaudler.

Nifty may resume up trend; BUY MAS Finance, GMM Pfaudler, says Vinay Rajani

The technical & derivative analyst from HDFC Securities expects Nifty to find support around 18,100 for now.

GMM Pfaudler hits 52-week high; up 26% in 1 week on strong growth outlook

The strong growth is expected owing to the increasing market size, investments, and exports in the pharmaceuticals, specialty chemicals, and agrochemical industries in the next 5 years

Stocks to watch: Grasim, Bal Pharma, GMM Pfaudler, Amara Raja, DHFL

A total of 68 companies are slated to post their March quarter results today, including Alkem Labs, AstraZeneca Pharma India, Stove Kraft, Emami, Thermax and VIP Industries

GMM Pfaudler gains 8% on acquiring HDO Technologies' assets for Rs 58 crore

The facility is located in Vatva, Ahmedabad and is equipped to manufacture a wide range of heavy engineering equipment

GMM Pfaudler, IDBI Bank: 14 Nifty500 stocks have surged above their 200-DMA

Analysts prefer stocks trading above the 200-DMA, since they tend to perform better in a trending market. Risk management, hence, becomes comparatively easier

GMM Pfaudler freezes at 5% upper circuit after declining 42% in 2 weeks

The stock was locked in the 5 per cent upper circuit at Rs 3,821, rebounding 11 per cent from its intra-day low of Rs 3,458 on the BSE

GMM Pfaudler says ready to respond to charges on unusual trades during OFS

The stock continues to fall, and is down over 36 per cent since September 15

GMM Pfaudler continues with declining trend, share price falls 5%

The stock began to fall after GMM Pfaudler announced on Monday that promoters plan to sell 17.6 per cent stake in the company

MARKET WRAP: Sell-off continues, Sensex slips 300 pts; Nifty ends at 11,154

All that happened in the markets today